News

April 25, 2023

4 Tips For Those Looking To Renew Their Mortgages In 2023

Photo credit:  DeymostHR/Shutterstock

Amid high interest rates and economic uncertainty, here are the best ways to navigate a new contract

The real estate market is a roller coaster. When it comes time to renew your mortgage, you might be asking yourself whether you want to stay on the ...

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Posted in News, Real Estate Tips
April 4, 2023

Spring brings renewed price growth across Metro Vancouver’s housing market while new listings remain dormant

Photo credit: REBGV

Home prices across Metro Vancouver’s housing market showed modest increases in March, while new listings remained below long-term historical averages. 

March data also indicates home sales are making a stronger than expected spring showing so far, despite elevated borrowing costs.

The Real Estate Board of Greater ...

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Posted in Market Updates, News
March 28, 2023

Amendments to the Prohibition on the Purchase of Residential Property by Non-Canadians Act’s accompanying Regulations

The Honourable Ahmed Hussen, Minister of Housing and Diversity and Inclusion, announced amendments to the Prohibition on the Purchase of Residential Property by Non-Canadians Act’s accompanying Regulations.

The Act was passed by Parliament on June 23, 2022, and the Act and Regulations came into force on January 1, 2023, as ...

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March 28, 2023

Unprecedented Pace of Construction Needed to Offset the Impact of Record Immigration to BC

Housing demand impact of record-high immigration is five times as large as the Foreign Buyers Ban: report

To fully offset a deterioration in housing affordability, new home completions in BC need to increase 25 per cent above their historical average level for the next five years to a record level ...

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Posted in Market Updates, News
March 14, 2023

A Look at Financial Help and Incentives for First-Time Homebuyers

Despite recent softening in the housing market, home ownership in Canada is expensive and can be intimidating if you’re a first-timer. Luckily, there’s financial help and incentives for first-time homebuyers, which can help offset the cost of purchasing a new home. You don’t need to feel as if you have ...

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Posted in News, Real Estate Tips
March 13, 2023

Provincial Housing Market Showing Signs of Recovery Heading into Spring

Photo Credit: BCREA

The British Columbia Real Estate Association (BCREA) reports that a total of 4,775 residential unit sales were recorded in Multiple Listing Service® (MLS®) systems in February 2023, a decrease of 46.5 per cent from February 2022. The average MLS® residential price in BC in 2023 ...

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Posted in Market Updates, News
March 13, 2023

Vancouver’s Stronger Sales in Mid-Q1

March 12, 2023

How to declutter your home: the new rules for decluttering in 2023

Change your mindset for a more sustainable spring clean.

Many of us dream of living in a calm, organized home, and a big spring clear-out can be the answer. But is it time to rethink the way we declutter? It’s easy to get caught in a cycle of getting rid ...

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Posted in News, Real Estate Tips
March 8, 2023

New Strata Property Act amendments: the end of rental and age restrictions

The BC government’s Bill 44 amendments to the Strata Property Act are now in effect. These amendments end rental restrictions, all but one age restriction, and add the ability to hold virtual meetings without the need for a bylaw.

Here’s a quick overview of what these new rules will mean ...

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March 7, 2023

Monthly Greater Vancouver BC Market Update February 2023